Problem 1. This question pertains to wages and salaries. I want to discuss the factors that determine professional athletes' salaries.
Problem 2. Identify a firm or type of business that periodically shuts down their operations. Identify the economic conditions that exist (e.g., fixed costs and variable costs vs. revenues) when they shut down their operations, and the economic conditions that exist when they resume their operations. Be sure to identify what costs they avoid by shutting down, and which costs are fixed costs (incurred even when shut down).
I want to incorporate the answers to both question in separate papers, using at least 150-200 words and at least one reference per question.